Filed December 6, 2023 (most recent of 2 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,666 | $54,045-6.3% | $115,157-56.0% | $65,185-22.3% |
| Participation rate | 45.1% | 63.5%-18.4pp | 75.9%-30.8pp | 70.2%-25.1pp |
| Annual return | 3.87% | 26.55%-22.7pp | 35.60%-31.7pp | 29.38%-25.5pp |
| Employer contribution / active EE | $0 | $1,653-100.0% | $3,179-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $1,479 | $2,504-40.9% | $4,168-64.5% | $3,514-57.9% |
| Admin fee / account holder | $2,965 | $626+374.0% | $7,088-58.2% | $847+250.0% |